Author Archives: Hoffman Insurance Group
IRS Relaxes Election Change, Other Rules for Cafeteria Plans and FSAs
As the country continues to feel the impact of the COVID-19 National Emergency declared by President Trump on March 13, 2020, the IRS has provided some much needed guidance and relief for employees. On May 12, 2020, the IRS issued … Continue reading
Agencies Extend Deadline to Pay COBRA Premiums
Extend Certain Other ERISA and Internal Revenue Code Deadlines Due to COVID-19 The impacts of the COVID-19 National Emergency, as declared by President Trump on March 13, 2020, have been vast. As a result, many employers and employees are struggling … Continue reading
COVID-19 Essential Employees, Thank you
Private Passenger Auto Giveback Program
By Mercury Insurance April 8, 2020 Recognizing that many customers are driving their vehicles less as a result of shelter-in-place actions, Mercury plans to giveback 15% of monthly premiums for April and May 2020. This applies to all Mercury Private … Continue reading
Progressive returns $1 billion in premium to customers
Today we announced that we’re providing credits of approximately $1 billion in premium to Progressive personal auto customers as a result of fewer claims that come with less frequent driving. Subject to approval by state regulators, Progressive personal auto customers … Continue reading
Understanding the Historic $2 Trillion Stimulus Package
The Coronavirus (COVID-19) pandemic has put a major strain on every aspect of daily life around the world, including the United States. As spread of the disease shows no sign of slowing down, there is a steadily increasing concern in … Continue reading
New Details On The Cares Act
Written by: John D. Martin, CPA J. Martin & Company, PC On Friday, March 27th, President Trump signed into law the Cares Act. With this passage and additional analysis on the Families First COVID-19 Response Act, we are beginning … Continue reading
Payment and Grace Period Flexibilities Announced
The Centers for Medicare & Medicaid Services (CMS) posted guidance on Payment and Grace Period Flexibilities for Issuers Offering Coverage on the Federally-facilitated Exchanges and State-based Exchanges on the Federal Platform. Under the newly released guidance, CMS announced that it … Continue reading
Congress Agrees to $2 Trillion Coronavirus Relief Bill
On Wednesday, March 25, 2020—after days of debate—Congress agreed to a $2 trillion economic rescue package designed to provide financial assistance to Americans and their families, and billions of dollars in loans for businesses. Voting is expected midday. The package … Continue reading
COVID-19 Resources from Zywave
Zywave offers complimentary webinars for our Partners to help you stay up to date on important compliance topics that affect your clients. The webinars are presented by Zywave’s legal content attorneys, who are experienced in helping employers understand their obligations. … Continue reading
